American Arbitration Association

Definition

The American Arbitration Association (AAA) is a not-for-profit organization that provides alternative dispute resolution services, primarily through arbitration and mediation. It plays a central role in the context of arbitration, serving as a leading provider of arbitration services in the United States.

5 Must Know Facts For Your Next Test

1. The AAA was founded in 1926 and is headquartered in New York City.
2. The AAA maintains a panel of over 8,000 independent arbitrators and mediators who are experts in various fields.
3. The AAA administers over 200,000 cases per year, making it one of the largest providers of alternative dispute resolution services worldwide.
4. The AAA has developed a comprehensive set of rules and procedures for the conduct of arbitration and mediation proceedings, known as the AAA Commercial Arbitration Rules and Mediation Procedures.
5. The AAA is recognized as an authoritative and impartial institution that helps parties resolve disputes efficiently and effectively outside of the traditional court system.

Review Questions

• Explain the role of the American Arbitration Association in the context of arbitration.
  • The American Arbitration Association (AAA) is a leading provider of arbitration services in the United States. It plays a central role in the arbitration process by maintaining a panel of experienced arbitrators, developing comprehensive rules and procedures for the conduct of arbitration proceedings, and administering over 200,000 cases per year. The AAA's impartiality and expertise in alternative dispute resolution make it a trusted institution that helps parties resolve their disputes efficiently and effectively outside of the traditional court system.
• Describe the relationship between the American Arbitration Association and other forms of alternative dispute resolution, such as mediation.
  • The American Arbitration Association (AAA) is not solely focused on arbitration, but also provides other alternative dispute resolution (ADR) services, such as mediation. While arbitration is the AAA's primary service, the organization recognizes the value of various ADR methods in resolving disputes. The AAA maintains a panel of experienced mediators in addition to arbitrators, and it has developed comprehensive rules and procedures for both arbitration and mediation proceedings. This demonstrates the AAA's commitment to offering a range of ADR options to help parties find the most appropriate solution for their specific dispute.
• Analyze the significance of the American Arbitration Association's role in the broader context of the legal system and dispute resolution.
  • The American Arbitration Association (AAA) plays a crucial role in the broader context of the legal system and dispute resolution. By providing an alternative to the traditional court system, the AAA helps to alleviate the burden on the courts and offers parties a more efficient and cost-effective way to resolve their disputes. The AAA's impartiality, expertise, and well-established rules and procedures lend credibility to the arbitration and mediation processes, making them attractive options for parties seeking to avoid the time and expense of litigation. Furthermore, the AAA's widespread recognition and influence contribute to the overall acceptance and legitimacy of alternative dispute resolution as a viable and valuable complement to the traditional legal system.

Related terms

Arbitration: Arbitration is a form of alternative dispute resolution where parties agree to have their dispute settled by an impartial third-party arbitrator rather than going through the court system.

Mediation: Mediation is a form of alternative dispute resolution where a neutral third-party mediator facilitates communication and negotiation between disputing parties to help them reach a mutually agreeable solution.

Alternative Dispute Resolution (ADR): Alternative Dispute Resolution (ADR) refers to a variety of processes used to resolve disputes outside of the traditional court system, such as arbitration, mediation, and negotiation.